{"id":87921,"date":"2017-04-20T00:02:26","date_gmt":"2017-04-20T06:02:26","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=87921"},"modified":"2023-04-14T01:16:31","modified_gmt":"2023-04-14T07:16:31","slug":"biggerpockets-podcast-223-set-life-house-hacking-frugality-maximizing-income-scott-trench","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/biggerpockets-podcast-223-set-life-house-hacking-frugality-maximizing-income-scott-trench","title":{"rendered":"Set For Life With Hacking, Frugality &#038; Maximizing Your Income"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A lot of people want to achieve financial freedom\u2014but many who start the journey never arrive. So what\u2019s the best way to truly set yourself up for success in achieving financial independence and wealth? That\u2019s the topic of today\u2019s show, where we sit down with <strong>Scott Trench<\/strong>, author of <em><a href=\"https:\/\/www.biggerpockets.com\/setforlife\" target=\"_blank\">Set for Life<\/a>,<\/em> to discuss some of the simple yet powerful, tactics people can use to increase their income, reduce their expenses, and lead a legendary life. \u00a0<\/span><\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC8682506260&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"How to Become \u201cSet for Life\u201d with Scott Trench | BP Podcast 223\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/asWvC0mhGf8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p>We just wa<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-66280 no-display appear\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/11\/RealtyShares.png\" alt=\"RealtyShares\" width=\"283\" height=\"60\" title=\"\">nted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> RealtyShares<\/strong>. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!<\/p>\n<p>Learn more by visiting\u00a0<a href=\"https:\/\/www.realtyshares.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">RealtyShares.com\/biggerpockets<\/a>!<\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-77567 alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/03\/simplisafe.png\" alt=\"simplisafe\" width=\"271\" height=\"58\" title=\"\">Check out <strong>SimpliSafe<\/strong> Security&#8217;s DIY home security systems; an affordable, wireless, cellular, and customizable system that doesn&#8217;t require a contract!<\/p>\n<p>Try it today with a discount:\u00a0<a href=\"http:\/\/simplisafepockets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">simplisafepockets.com<\/a><\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>A little bit on\u00a0<strong>Scott<\/strong>&#8216;s background<\/li>\n<li>The path to early <strong>financial freedom<\/strong><\/li>\n<li>How to <a href=\"\/renewsblog\/2013\/11\/02\/hack-housing-get-paid-live-free\/\" target=\"_blank\"><strong>house hack<\/strong><\/a> your way to a portfolio of\u00a0properties<\/li>\n<li>Tips for using the <a href=\"\/renewsblog\/2015\/04\/20\/how-to-100000-dollars-year-real-estate\/\" target=\"_blank\"><strong>BRRRR method<\/strong><\/a><\/li>\n<li>How to invest\u00a0despite what the <strong>market situation<\/strong> is<\/li>\n<li>An introduction to the book <strong><em>Set for Life<\/em><\/strong><\/li>\n<li>The <strong>three stages<\/strong>\u00a0of wealth mentioned in the book<\/li>\n<li>What you should know about the\u00a0&#8220;<strong>financial runway<\/strong>&#8220;<\/li>\n<li>The <strong>bonuses<\/strong> that comes with\u00a0the book<\/li>\n<li>A discussion on <strong>making more money<\/strong><\/li>\n<li>The importance of finding <strong>a job you love<\/strong><\/li>\n<li>How to get\u00a0the <strong>set of\u00a0skills<\/strong> you need to succeed<\/li>\n<li>Scott\u2019s advice to those who are getting their <strong>first deal<\/strong><\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<li><a href=\"\/renewsblog\/2014\/12\/04\/personal-finance-real-estate-investment\/\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Podcast 099: 3 Personal Finance Bloggers &amp; Their First Real Estate Investment with Scott, Lauren, and Philip<\/a> (podcast)<\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/JustAskBenWhy\" target=\"_blank\" rel=\"noopener noreferrer\">Ben Leybovich&#8217;s BP Profile<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/jstur2008\" target=\"_blank\" rel=\"noopener noreferrer\">Jered Sturm&#8217;s BP Profile<\/a><\/li>\n<li><a href=\"\/renewsblog\/2013\/11\/02\/hack-housing-get-paid-live-free\/\" target=\"_blank\" rel=\"noopener noreferrer\">How to \u201cHack\u201d Your Housing and Get Paid to Live for Free<\/a>\u00a0(blog)<\/li>\n<li><a href=\"\/renewsblog\/bp-podcast-217work-earn-8020-rule-perry-marshall\/\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80\/20 Rule with Perry Marshall<\/a>\u00a0(podcast)<\/li>\n<li><a href=\"\/renewsblog\/2016\/07\/02\/first-time-home-buying\/\" target=\"_blank\" rel=\"noopener noreferrer\">Your First Home Purchase Could Be a Horrendous Financial Decision. Unless\u2026<\/a>\u00a0(blog)<\/li>\n<li><a href=\"\/renewsblog\/2016\/04\/18\/investorsstop-buying-real-estateinsteadbuy-bigger\/\" target=\"_blank\" rel=\"noopener noreferrer\">Investors: Don\u2019t Shoot for 100+ Properties. Aim for Bigger &amp; Better With THIS Strategy.<\/a>\u00a0(blog)<\/li>\n<li><a href=\"\/renewsblog\/becoming-a-landlord-the-easy-way\/\" target=\"_blank\" rel=\"noopener noreferrer\">How I Went From $0 Net Worth to Qualifying for $1M in Real Estate Financing in 2.5 Years<\/a>\u00a0(blog)<\/li>\n<li><a href=\"\/renewsblog\/investing-real-estate-easy-way\/\" target=\"_blank\" rel=\"noopener noreferrer\">Am I Missing Something, or Is Real Estate Investing Really Not That Hard?<\/a>\u00a0(blog)<\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><i><a href=\"https:\/\/www.biggerpockets.com\/setforlife\" target=\"_blank\" rel=\"noopener noreferrer\">Set for Life<\/a>\u00a0<\/i>by Scott Trench (email <a href=\"mailto:setforlife@biggerpockets.com\" target=\"_blank\">setforlife@biggerpockets.com<\/a>)<\/li>\n<li><a href=\"https:\/\/get.biggerpockets.com\/rentalbook\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Book on Rental Property Investing<\/em><\/a> by Brandon Turner<\/li>\n<li><a href=\"http:\/\/amzn.to\/2ojJP1o\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The ONE Thing<\/em><\/a> by Gary Keller and Jay Papasan<\/li>\n<li><a href=\"http:\/\/amzn.to\/2ojDVNZ\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Rich Dad Poor Dad<\/em><\/a> by Robert T. Kiyosaki<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;It\u2019s not just about being thrifty or cheap; it\u2019s about being smart.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22It%E2%80%99s%20not%20just%20about%20being%20thrifty%20or%20cheap;%20it%E2%80%99s%20about%20being%20smart.%22%20BP%20Podcast%20223%20biggerpockets.com\/show223%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Because we were responsible financially, we were able to take risks.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Because%20we%20were%20responsible%20financially,%20we%20were%20able%20to%20take%20risks.%22%20BP%20Podcast%20223%20biggerpockets.com\/show223%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Understand that what I\u2019m doing today is what I need to get to the next level.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Understand%20that%20what%20I%E2%80%99m%20doing%20today%20is%20what%20I%20need%20to%20get%20to%20the%20next%20level.%22%20BP%20Podcast%20223%20biggerpockets.com\/show223%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Scott<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/ScottTrench\" target=\"_blank\" rel=\"noopener noreferrer\">Scott&#8217;s BiggerPockets Profile<\/a><\/li>\n<\/ul>\n<h2>Show Preview<\/h2>\n<p><iframe loading=\"lazy\" title=\"Show 223 Preview: Set for Life!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/OHdMd5vhzak?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A lot of people want to achieve financial freedom\u2014but many who start the journey never arrive. So what\u2019s the best way to truly set yourself up for success in achieving [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-87921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/87921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=87921"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/87921\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118319"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=87921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=87921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=87921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}